Ferguson Wellman Capital Management Inc. Sells 1,250 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Ferguson Wellman Capital Management Inc. lessened its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYGFree Report) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,395 shares of the company’s stock after selling 1,250 shares during the quarter. Ferguson Wellman Capital Management Inc. owned about 0.76% of iShares U.S. Financial Services ETF worth $9,384,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Arkansas Financial Group Inc. lifted its stake in shares of iShares U.S. Financial Services ETF by 5.1% in the second quarter. Arkansas Financial Group Inc. now owns 48,139 shares of the company’s stock worth $7,606,000 after buying an additional 2,348 shares during the last quarter. Kozak & Associates Inc. grew its position in shares of iShares U.S. Financial Services ETF by 2.4% in the second quarter. Kozak & Associates Inc. now owns 66,588 shares of the company’s stock valued at $10,608,000 after purchasing an additional 1,574 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Financial Services ETF by 10.3% in the first quarter. JPMorgan Chase & Co. now owns 45,344 shares of the company’s stock worth $6,845,000 after purchasing an additional 4,246 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of iShares U.S. Financial Services ETF by 4.9% during the 1st quarter. Thrivent Financial for Lutherans now owns 4,057 shares of the company’s stock worth $605,000 after purchasing an additional 191 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in iShares U.S. Financial Services ETF by 2.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,854 shares of the company’s stock valued at $431,000 after purchasing an additional 72 shares during the period.

iShares U.S. Financial Services ETF Stock Down 0.5 %

NYSEARCA IYG traded down $0.80 during trading on Friday, hitting $162.96. The company’s stock had a trading volume of 136,080 shares, compared to its average volume of 45,597. iShares U.S. Financial Services ETF has a 52 week low of $137.46 and a 52 week high of $176.75. The firm has a market cap of $1.21 billion, a P/E ratio of 10.62 and a beta of 1.16. The firm has a 50 day moving average price of $163.47 and a 200 day moving average price of $156.56.

About iShares U.S. Financial Services ETF

(Free Report)

iShares U.S. Financial Services ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Financial Services Index (the Underlying Index). The Underlying Index measures the performance of the financial services sector of the United States equity market.

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Institutional Ownership by Quarter for iShares U.S. Financial Services ETF (NYSEARCA:IYG)

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